Down Payment and Acceptable Sources of Borrower Funds for a Las Vegas FHA Purchase Mortgage

On April 27, 2009, in Tips And Advice, by Mark Madsen

FHA Mortgages are popular programs for Las Vegas First-Time Home Buyers due to the low down payment (3.5%) that is required. This can be a little confusing for borrowers looking at foreclosure properties that have a significant amount of perceived equity, but the FHA clearly defines that the minimum down payment on a purchase transaction [...]

Las Vegas, NV Clark County FHA Loan Limits

On April 25, 2009, in Tips And Advice, by Mark Madsen

After a brief reduction in Las Vegas, Nevada (Clark County) FHA loan limits, we are back up to an amount that should satisfy most First-Time Home Buyers. County Name Single Family Two-Family Three-Family Four-Family Clark $400,000 $512,050 $618,950 $769,250 * Reverse Mortgage Loan Limits for the FHA HECM have also been raised to $625,500 ______________ [...]

$8000 Las Vegas First-Time Home Buyer Tax Credit

On April 25, 2009, in Tips And Advice, by Mark Madsen

If the low mortgage rates and property values aren’t enough to encourage Las Vegas First-Time Home Buyers to take advantage of some great property deals this summer, then the $8000 First-Time Home Buyer Tax Credit might help sweeten the deal. As part of the $787 Billion American Recovery and Reinvestment Act of 2009, the $8000 [...]

Getting Started With a Las Vegas First-Time Home Buyer FHA Mortgage

On April 25, 2009, in Tips And Advice, by Mark Madsen

——————————————————————————-————————– >> Las Vegas Mortgage Application —————- >> Rate Tracker ———————————————————————————————-———– As an FHA licensed Las Vegas mortgage company, we feel privileged to be able to offer our First-Time Home Buyer community with FHA programs that can truly provide for the American Dream of home ownership. With flexible credit history guidelines, low down payment requirements, [...]

Los Angeles County FHA and Bankruptcy

On April 24, 2009, in Tips And Advice, by Brian Wiesner

California Home Buyers are eligible for FHA loans in Los Angeles County even if they have a bankruptcy in their credit history.  The FHA, which simply is the mortgage insurance company that insures low-downpayment loans, allows for credit blemishes…as long as a plausible written explanation is provided by the borrower. Filing bankruptcy because you wanted to get [...]

Michigan Homebuyers And Credit Requirements For FHA Loans

On April 24, 2009, in Tips And Advice, by Jeff Mifsud

If you are buying a home in Michigan, then you need to understand the credit requirements for FHA loans. FHA Underwriters are the people that work for the FHA mortgage lenders and make the decisions on loans. Although FHA loans are one of the easiest loans to get in today’s real estate market, you still need [...]

Low FHA Mortgage Downpayment Requirements for Livonia, MI First-Time Homebuyers

On April 24, 2009, in Tips And Advice, by Jeff Mifsud

First-Time Home Buyers in Livonia, Michigan can take advantage of the low FHA mortgage down payment requirements for 2009. With a minimum down payment requirement of only 3.5%, FHA mortgage loans have remained the Michigan first-time home buyer program of choice due to the flexible high Loan-to-Value guidelines. Given all the craziness that is going [...]

Michigan’s FHA Expert – Jeff Mifsud

On April 24, 2009, in Tips And Advice, by Jeff Mifsud

Jeff Mifsud Michigan FHA Expert Phone: (248) 320-9811 Email:  jeff (at) mseminars.com .. ____________________________________ About Jeff Mifsud: Jeff is an industry educator and publishes a monthly newsletter for Mortgage Loan Officers called The FHA Originator. He is a former FHA Direct Endorsed Underwriter trained by HUD and was successful FHA originator in Michigan for over [...]

True Story-NJ First Time Home Buyers Collect $8,000 Tax Credit

On April 23, 2009, in Tips And Advice, by Rick Pristas

We are only a eight days past April 15th and New Jersey First Time Home Buyers are already starting to collect their $8,000 First Time Home Buyer Tax Credit.

Typically, talk about the IRS, Income Taxes and the April 15th deadline does not bring smiles to peoples faces, however, 2009 is a different story. The $8,000 First Time Buyer Tax Credit is real and my clients in Ocean County, NJ and Monmouth County, NJ are getting their hands on it.

Boise, Idaho FHA Mortgage Company

On April 21, 2009, in Mortgage Programs, Mortgage Rates, Refinance Process, Tips And Advice, by Michelle Guth

Hi, I’m Michelle Guth and I am a mortgage consultant specializing in Idaho FHA Mortgages. My goal with my FHA mortgage blog is to educate and inform my clients about the various loan programs available on the market today. Idaho Mortgage Programs I offer: Featured Programs Idaho First Time Home Buyer Loans Idaho FHA Streamline [...]